Mortgages & Loans
Mortgage - After acquired clause
A "After acquired clause" is a contractual clause in a mortgage agreement stating that any additional mortgage able property attained by the borrower after the mortgage is signed will be regarded as additional security for the obligation addressed in the mortgage.
Need Professional Help?
If you need help with "Mortgages & Loans" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.